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[IWS] World Bank/IMF: HEAVILY INDEBTED POOR COUNTRIES (HIPC) INITIATIVE AND MULTILATERAL DEBT RELIEF INITIATIVE (MDRI)—STATISTICAL UPDATE [19 December 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
HEAVILY INDEBTED POOR COUNTRIES (HIPC) INITIATIVE AND MULTILATERAL DEBT RELIEF INITIATIVE (MDRI)—STATISTICAL UPDATE [19 December 2013]
[full-text, 46 pages]
Press Release 19 December 2013
Debt Relief for 39 Countries on Track to Reach US$114 billion
Two debt-relief initiatives organized by the World Bank and International Monetary Fund – the Heavily Indebted Poor Countries (HIPC) initiative and the Multilateral Debt Relief Initiative (MDRI) – are continuing to help poor countries fight poverty.
The programs have relieved 36 participating countries of $96 billion in debt since 1996, freeing up their governments to spend money on poverty reduction.
Thirty-one of the beneficiary countries are in Africa.
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